I actually like Maxcoin! I think what happened was the perfect storm, and something had Maxcoin launced today would have been completely avoidable, and forgiven. The celebrity cache and influence of Max and Stacy literally caused markets to freeze due to demand. At the same time the coin that Luke and Jordan developed, which had its genesis event on KR, had glitches with Windows driven mining ops. So for the first 48 hours post release Windows was down, and while Luke and Jordan tried their best, the reddit universe did its thing and it turned into this tragic story of market manipulation and pump and dump. The reality is, Maxcoin was the 3rd most mined token of it's day, for the first 6 months. Built using the Sha3 Keccak with Schorr encryption, it was WAY ahead of its time, twice as fast proof-or-work. Bitcoin is on the schorr tip now. Maxcoin was taken over like a year ago, and I talk with the community who mine it and love it. I asked them why not rebrand? Dave, the main dude, told me, "because Maxoin is special, because the Sha3 is special." Love that answer. Very much about the math and they are doing to do good things with it. I wouldn't count Maxcoin out. It really comes down to intrinsic value and why people choose to believe in something for either the right reason or the wrong reasons and the same in reverse. Max coin is a beautiful store of value built on strong fundamentals. Thanks for sharing by the way!
RE: The Frothy Gyre That Made Max Keiser Satoshi Nakamoto